We are currently in the main resistance zone since we broke the 6k, that goes from 4.2K till 2.9K. Price is holding well after the tremendous dump, we could see a last drop to 2.9K to trap some more shorts down there, but after that we should see a bounce to 5.4k$ zone to take all the liquidity acumulated up there. And once liquidity is taken, my main idea is that ...
As BTC breaks the slant support line (red line) it will fall to $2.9k. This will be invalidated if BTC manages to break through its current resistance line . If it does, wait for a conformation candle to close above the yellow line.
This is not a financial advice , this is just for entertainment. Do your own due diligence. I am not responsible for any losses.
Bitcoin finally showed some signs of life over the weekend as price moved sharply off lows
On the last retest of lows, price bounced sharply above the S/R flip region but was on lower volume
After retesting the breakout zone, Bitcoin continued its move up straight into supply before getting rejected
After the EMAs turned up bullish, we have yet again rolled ...
We have a bearish priority and the last down impulse bar shows it very clearly.
To change the priority to the bull the price needs to breakout this impulse bar.
Until this happens, currently Bitcoin is falling.
If the price breakdown 3690 - with a high probability we will see a huge drop to 3500 and 3000.
Buy: 3905 (after breakout)
Take Profit1: 4135
Let's jump straight to the action, wait no, after the LIKE let's jump into the action ;)
As You can see on the Daily chart, we are on the massive continuation pattern called "Falling Wedge". Falling wedge will indicate further direction after the breakout from both sides but the continuation pattern will indicate that the breakout upwards is more reliable. ...
I will write an opinion adiditonally regarding this situation.
My opinion is that traders are aware of retracement (long expected, prolonged, but inevitable).
No matter how long price is being pushed, it certanly cost money to maintain it.
Traders, someone is waiting for you to " join and participate in rebounce".
Be careful about one thing:
Don't drive this ...
Bitcoin is bleeding widely as we all see, but there are several things you can do before it goes deeper and pulls entire market in dropdown for a third time in apriximately 35-40% price reversal.
Everybody is talking about some "magical rebounce from 8.200 level".
That "rebound situation" won't happend at 8.200 level (because it would happened already), but on ...
Pretty self explanatory. Massive over head resistance from thick red line, however we are oversold on RSI and hit and bounced a bit from lower wick weekly trend line (thin bottom blue line). At this point I think highest probability is a decent bounce off this trend line to midway or if lucky slightly below the over head thick red line before continuing down to ...
Voici mon scénario, en rapport avec les cycles de 2014-2015, les lignes de tendances et le NVT Signal. Tout cela indique qu'on est proche de la fin, reste à voir à quel prix nous finirons le Bear market, à savoir que la fin d'un éclatement de bulle devrait produire un petit V-bottom, un rebond qui peut former une mèche en weekly allant de 20 à 30% par exemple... ...
It's incredible and many may not think so.
But Bitcoin will reverse the fall picture to a strong high
Even with ETF and Bakkt postponed beyond the minipulation of the owners of the BCC to the fall of Bitcoin
We are about to have a brief fall and if we have
In order to come a very strong discharge breaking the supports
From then on it will only be high up to $ ...
After yesterdays posting, we saw BTC head straight for the supply zone near $4000
We did however find it as tough resistance and rejected straight away
Later attempts failed to get back near the original moves high and have since fallen back down into the $3600's
This last dump did yet again have volume behind it, which tells us that the selling has not ...